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The dollar rose against a basket of
currencies on Friday, hovering near a 10-month high as debate over
whether the Federal Reserve would wind down its asset buying programme
later this year gathered pace. There was good dollar demand from
importers as well, while exporters stepped up sales of the greenback
near 54.90-55.00 level. The index of the dollar against six major
currencies was up 0.4 %. The US dollar approaches a 10-month high
against a basket of currencies after a regional Fed Reserve chief said
the US central bank could begin sharpening the high-yielding Aussie’s
fall.
Domestic Forex Updates:
Rupee edges down tracking broad dollar gains; shares limit fall.
Sterling falls to 6-week low versus firmer dollar.
Yuan ends up vs dollar, PBOC signals further appreciation.
Swiss franc falls vs dollar as Federal Reserve hints at stimulus exit.
USDINR
USDINR on its daily charts moved around the
trend line acting as resistance for the whole week where 55.2000 is
still acting as resistance. If it surpasses this resistance level then
it may lead towards 55.4500-55.6000. While weakness is considered only
if it holds below 54.6000 where 54.3000 is seen as next support for it.
EURINR
EURINR on weekly charts is consolidating
around the trend line acting as strong support for long. Further
bearishness may find its major support in the range of 70.4000-69.8000.
If it holds above 71.6000 then only some up move may lead it towards the
next resistance of 72.1000.
Global Forex Updates:
Russian GDP Growth at 1.6% as Economy Weakest Since 2009.
Denmark Shelves Euro Goal Indefinitely as Crisis Scars Last.
Pound Declines to Six-Week Low Versus Dollar on Fed Speculation.
For more info click here
Stock Tips Commodity Tips Mcx Tips,Currency Tips
currencies on Friday, hovering near a 10-month high as debate over
whether the Federal Reserve would wind down its asset buying programme
later this year gathered pace. There was good dollar demand from
importers as well, while exporters stepped up sales of the greenback
near 54.90-55.00 level. The index of the dollar against six major
currencies was up 0.4 %. The US dollar approaches a 10-month high
against a basket of currencies after a regional Fed Reserve chief said
the US central bank could begin sharpening the high-yielding Aussie’s
fall.
Domestic Forex Updates:
Rupee edges down tracking broad dollar gains; shares limit fall.
Sterling falls to 6-week low versus firmer dollar.
Yuan ends up vs dollar, PBOC signals further appreciation.
Swiss franc falls vs dollar as Federal Reserve hints at stimulus exit.
USDINR
USDINR on its daily charts moved around the
trend line acting as resistance for the whole week where 55.2000 is
still acting as resistance. If it surpasses this resistance level then
it may lead towards 55.4500-55.6000. While weakness is considered only
if it holds below 54.6000 where 54.3000 is seen as next support for it.
EURINR
EURINR on weekly charts is consolidating
around the trend line acting as strong support for long. Further
bearishness may find its major support in the range of 70.4000-69.8000.
If it holds above 71.6000 then only some up move may lead it towards the
next resistance of 72.1000.
Global Forex Updates:
Russian GDP Growth at 1.6% as Economy Weakest Since 2009.
Denmark Shelves Euro Goal Indefinitely as Crisis Scars Last.
Pound Declines to Six-Week Low Versus Dollar on Fed Speculation.
For more info click here
Stock Tips Commodity Tips Mcx Tips,Currency Tips